I was taking out yet another dead 5V board and noticing something that many of them have, one or more capacitors bulging, obviously defective. It occurs to me that many of the boards were probably produced in the 2002-2004 timeframe. I had forgotten, or really just tried to erase it from my memory, the capacitor plague that hit in around that time in 2002. I remember at the time I was putting together a lot of PC systems, and a number of them had the bad capacitors, and they would exhibit the leaking bulging capacitors a few years after being put in service. I surmise that the PS/2 boards in question probably received some of these in the several year period around that time. This would account for the seemingly random failures for no obvious reason of so many 5V boards. It's likely, due to the much less frequent use of the capacitors in the model train electronics, that many of these might just now be ripening and kicking the bucket. If you search on Capacitor Plague, you'll find a lot of information on the issue.
The Internet really does not forget anything!